For Immediate Release: December 22, 2005

Statement by Senate President Pro Tempore Mike Morgan

“Oklahomans have a deep belief in personal responsibility and accountability and that includes a Legislature that governs and budgets in a responsible manner. As we carefully consider how best to make substantial new investments in the priority areas of education, public safety, health care and our state’s crumbling roads and bridges, Senate Democrats will proceed with the knowledge that the Legislature is accountable to the people of Oklahoma.

“The projection of surplus revenue above and beyond the cap on the Rainy Day Fund is another indicator that Oklahoma’s economy continues to grow – especially in the oil and gas sector. With that in mind, it is important that we move forward responsibly and take great care as we consider how best invest this one-time windfall to ensure a brighter future for our state.”

Note to editors: Earlier today, the Office of State Finance released the Proposed Fiscal Year 2007 Revenue Certification. The OSF packet indicates $314 million in growth revenue for FY 2007 and surplus FY 2006 revenue of more than $400 million.

For more information contact:
President Pro Tem's Office- (405) 521-5605